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201408125
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Last modified
4/14/2015 12:05:59 PM
Creation date
12/30/2014 9:14:21 AM
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DEEDS
Inst Number
201408125
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17. Beneficiary's Powers. Without affecting the liability of any other person liable for the <br />payment of any obligation herein mentioned, and without affecting the lien or charge of this Deed <br />of Trust upon any portion of the property not then or theretofore released as security for the full <br />payment of all unpaid obligations, Beneficiary may, from time to time and without notice. <br />(a) release any persons so liable; <br />(b) extend the maturity or alter any of the terms of any such obligation. <br />(c) grant other indulgences; <br />201408125 <br />(d) release or re- convey or cause to be released or re- conveyed at any time <br />at Beneficiary's option, any parcel, portion or all of the property; <br />(e) take or release any other or additional security for any obligation herein <br />mentioned; or <br />(f) make compositions or other arrangements with debtors in relation thereto. <br />18. Governing Law. This Deed of Trust shall be governed by the laws of the State of <br />Nebraska and, in the event any one or more of the provisions contained in this Deed of Trust, or the <br />note or any other security instrument given in connection with this transaction shall be for any reason <br />be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or <br />unenforceability shall not affect any other provisions of this Deed of Trust, but the Deed of Trust <br />shall be construed as if such invalid, illegal or unenforceable provision had never been contained <br />herein or therein. <br />19. Effect of Forbearance. Any forbearance by Beneficiary or Trustee in exercising any right <br />or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude <br />the exercise of any such right or remedy hereunder. Likewise, the waiver by Beneficiary or Trustee <br />of any default of the Trustors under this Deed of Trust shall not be deemed to be a waiver of any <br />other or similar default subsequently occurring. <br />20. Re- conveyance by Trustee. Upon written request of the Beneficiary stating that all sums <br />secured hereby have been paid, and upon surrender of this Deed of Trust and the note to the Trustee <br />for cancellation and retention and upon payment by Trustors of Trustee's fees, Trustee shall re- <br />convey to Trustors, or the person or persons legally entitled thereto, without warranty, any portion <br />of the property then held hereunder. Recitals in such re- conveyance of any matters or facts shall be <br />conclusive proof of the truthfulness thereof. Grantees in the re- conveyance may be described as "the <br />person or persons legally entitled thereto." <br />21. Acceptance by Trustee. Trustee accepts this trust when this Deed of Trust, duly executed <br />and acknowledged, is made a public record as provided by law. <br />above. <br />IN WITNESS WHEREOF, Trustor has executed this Deed of Trust on the date first noted <br />p tie <br />ALVIN P. MILLER <br />
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